document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=206431>Question 206431</A>: <I><SPAN STYLE=\"word-break: break-all;\"> I simply need the formula please I have a list of financial information with a begining Inventory the purchaces and the net sales. Using this information and the retail method of inventory I need to estimate the value of the ending inventory. I would like to arrive at the answer on my own. But I cant remember the formula. Thank you for your help. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #156033 by </B><A HREF=/tutors/aboutme.mpl?userid=rfer><B>rfer(16322)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=rfer><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=156033\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Inventory Turnover Ratio=Sales/Inventory<BR>\n" );
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document.write( "Inventory Turnover ratio+cost of goods sold/average inventory<BR>\n" );
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document.write( "Average inventory+beginning inventory+ending inventory/2<BR>\n" );
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document.write( "Inventory turnover ratio=cost of goods sold at retail/average inventory at retail<BR>\n" );
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document.write( "I am not sure any of this will help, but I tried.<BR>\n" );
document.write( "Bob </SPAN>\n" );
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